Supplementary memorandum (4) by the Home
Office, on SARs
1. Which other EU Member States maintain a
database of SARs?
All EU Member States' Financial Intelligence Units
(FIUs) maintain a financial intelligence database of suspicious
activity or suspicious transaction reports (STRs).
2. What exchange of information is available
to law enforcement or other agencies in other EU countries?
FIUs in the EU and elsewhere can only request
a check with another FIU [FIU to FIU] if they meet strict criteria
eg the check is for a financial investigation, such as money laundering
or terrorist financing, and the country in question is believed
to feature in the investigation. Overseas FIUs do not have direct
access to the UKFIU database, ELMER.
All exchange with other FIUs is made on the
basis of the Egmont statement of principles of information exchange.
Conditions of use are placed on information exchange, for example,
no onward transmission without the originators' approval. Information
supplied by the UKFIU is also subject to a risk assessment on
the content of any reply before its release, which may limit the